SCHEDULE: Vanguard Portfolio Management Adjusts Select Medical Holdings Stake

Vanguard Portfolio Management has filed an amendment to its Schedule 13G, reporting its beneficial ownership of Select Medical Holdings Corp. common stock as of June 30, 2026.

Summary

• Vanguard Portfolio Management LLC, along with its affiliates Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, has filed an amendment to its Schedule 13G for Select Medical Holdings Corp.
• The filing, dated June 30, 2026, indicates that Vanguard Portfolio Management has beneficial ownership of 2,134 shares of Select Medical Holdings Corp. common stock.
• This represents 0% of the class of securities.
• The reporting entity exercises sole dispositive power over these shares.
• The filing clarifies that this Schedule 13G reflects securities held by Vanguard funds and managed accounts over which Vanguard Portfolio Management LLC exercises dispositive power.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of passive ownership by a large institutional investor and does not contain new operational or financial performance information.

Future Outlook

No specific future outlook or guidance is provided in this Schedule 13G filing.

Management Comments

• In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Portfolio Management LLC and the following affiliates of Vanguard Portfolio Management LLC or business divisions of such affiliates: Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC.
• This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power.
• This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Portfolio Management LLC, or business divisions of such subsidiaries whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors exceeding certain ownership thresholds. This filing from Vanguard indicates a passive investment approach rather than an attempt to influence control.

Stakeholder Impact

• Shareholders: The filing provides transparency on institutional ownership, which can be a factor in investment decisions, but the small percentage held by Vanguard suggests minimal immediate impact on share price or control.

Key Dates

Keywords

Select Medical Holdings Corp, Vanguard Portfolio Management, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management